Treasury’s FinCEN levied a record $110 million fine against BTC-e and arrested Alexander Vinnik, who U.S. officials say is the owner U.S. law-enforcement authorities took aim at one of the world’s largest digital-currency exchanges this week in an anti-money-laundering operation that spanned two continents and sent a warning to other virtual-money platforms the U.S. says may be facilitating crime. The Treasury Department’s Financial Crimes Enforcement Network late Wednesday levied a record $110 million fine against BTC-e and a $12 million penalty against Alexander Vinnik, a Russian national who the U.S. says is the beneficial owner of the Seychelles-based company that manages BTC-e. The fines followed the arrest of Mr. Vinnik in Greece on Tuesday at the request of U.S. authorities under a 21-count indictment brought by the Justice Department in a Northern California district court. BTC-e, which is based in Bulgaria but regulated under the laws of Cyprus, allowed its users to trade bitcoin with high levels of anonymity. U.S. authorities allege that insufficient internal oversight at the firm facilitated computer hacking, fraud, identity theft, public corruption and drug trafficking in transactions that totaled more than $4 billion. https://www.wsj.com/articles/u-s-targets-bitcoin-exchange-alleging-it-facilitated-crime-1501194444 The Justice Department said that while cryptocurrencies such as Bitcoin provide legitimate new financial channels for commerce, the anonymity of the BTC-e digital-currency exchange facilitated money-laundering and illicit finance for a world-wide network of criminal activity. The only requirements to register an account were a username, password and email address. Shitty day for ALexander.....LOL!
%% I would not worry about that; nor would i hold bitcons. BUT i dont like that kind of vol; i have enough old US real metal coins LOL . NOT to mention even thier own website notes most bitcon ATM 's allow only buys, not sells LOL.The real estate appraiser said; i dont use a spell checker, cause i know what i meant.